Riddhi Steel and Tube Limited

Operates in the Iron & Steel Products industry, with its name indicating steel tubes as a likely product line, and reported revenue of ₹457.88 crore in FY26. The cost structure is heavily weighted toward raw materials at 92.6% of revenue, while employee costs are just 0.9% and other operating expenses 1.7%, pointing to a thin value-add or trading-oriented model rather than heavy in-house manufacturing. Capital expenditure was 0.4% of revenue in FY26, and total assets stood at ₹216.73 crore. The company is based in Ahmedabad and is listed on the BSE SME platform, with the promoter group holding around 74.72% of equity. In February 2026 it allotted bonus shares in a 1:2 ratio, raising paid-up capital from ₹8.29 crore to ₹12.43 crore. The statutory auditor's report on the FY26 results included a 'Material Uncertainty Related to Going Concern' qualification.